Ticking TimeBomb: Americans In Horrible Financial Shape Just Prior to The Next Crisis

by Jeff Berwick
Dollar Vigilante

We said after the 2008 crisis that the financial system had died. In fact, that was our cue to start The Dollar Vigilante. And we said all they would do was print money to make it seem like the economic system was still functioning until the next major crisis/collapse, which we said was likely to occur between 2015-2020.

And that is exactly what happened as we now sit on the precipice of the next great collapse. Just look at US national debt… it has doubled since 2008! And, we’re now living in a world with negative interest rates. The system is in its final stages. Yet, your average American is more preoccupied about who should be allowed to use which bathroom than about the disintegration of the dollar economy.

And this collapse couldn’t come at a worse time for your average American. Usually, in recent history, busts have come after a boom… meaning that people could, to some extent, manage through the bust. Not this time. Your average American’s solvency has been decimated in the last seven years.

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